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The role of HR as business partner
Did you know that nearly half of Australian HR Leaders expect their workforce to increase over the next 12 months?
Our Global HR Barometer focuses on identifying the key priorities for HR and considers its new strategic role. The report looks at the evolution of HR and the ability of the organisation to measure HR performance. Critically, it reviews the readiness of HR to compete in the war for talent.
To validate the strategic importance of HR within the organisation itself, we examined the organisational and reporting structure of HR leaders, observing that, worldwide, most senior HR leaders report directly to management at the highest levels. 63% of senior management respondents report directly to the CEO/CFO/Chairperson/General Director/Managing Director.
On exploring further, we have also identified that:
- 80% of HR leaders have strategically significant responsibilities (e.g. talent management)
- 60% reported payroll/staff administration within their scope of responsibility
- The majority of HR leaders have accumulated a wealth of knowledge and experience, having worked in HR for 15 years or more